We provide full suite of corporate services from our Labuan office.
Our main services include –
formation of Labuan companies and other entities
providing registered office address and resident secretary
record-keeping, complete compliance and corporate governance with the company regulations
company migration from a jurisdiction to other suitable jurisdiction
bank account opening with selected banks
acting as intermediary for companies formed in other jurisdictions such as Brunei, Singapore, Hong Kong, the BVI, Seychelles, Samoa, etc
HMR Konsultan provides complete services including advisory in relation to licence applications for banking, insurance and insurance related business activities, leasing, factoring, money broking, commodity trading, credit token and capital markets etc., under the Labuan Financial Services and Securities Act 2010.
Our service includes pre-assessment of the business activity, advise on latest regulatory and statutory requirements, preparation of documents pertaining to the licence and helping clients in their interactions with the Labuan FSA.
Our accounting team offers an array of accounting and bookkeeping services for Labuan entities. We prepare management accounts, including financial statements, balance sheets, income statement and arrange for annual filing of financial report to the relevant authorities, if required by law.
We also coordinate tax preparation and file annual tax return with the local tax authority in a timely manner.
We provide audit oversight and work with several approved audit firms in Labuan and can arrange for your accounts to be audited by auditors of your choice.
We offer a range of support services tailored to your ‘economic substance’ needs for your Labuan company or other entities such as Labuan foundations and partnerships. Starting with advice on the relevant laws, regulatory guidelines and requirements for the business activities you want to operate using your Labuan company, to complete assistance in the submission for approval, engage with the regulators and act as your conduit during the whole application process.
We provide ‘physical presence’ for your Labuan company including suitable office premises, employee recruitments, payroll services to meet the economic substance requirements for certain category of business activities that are in scope under the Labuan business activities.
With our all-in-one 'economic substance' services, you leave it to us the administrative tasks and spend more time growing your business.
Our dedicated specialists will look after your HR matters, beginning from the recruitment process and dealing with the local labour authority on the onboarding process, advise on the employment regulations, and organise the monthly payrolls for your staff based in Labuan.
In a landscape of ever-increasing regulation and complexity due various risks, the impact is that the Labuan regulators are tightening the laws and regulations on financial business services in order to meet the international standards, and impose reporting obligations to all Labuan licensed entities. This is vital in order to safeguard the business ecology, to show greater tax transparency, keep repute of Labuan as a safe destination for international financial services and protect Malaysia's reputation as a whole.
We provide guidance to ensure compliance in all aspects of reporting obligations, such as SMS and EAL reports, and AML reporting as set out by Labuan FSA and the Inland Revenue Board of Malaysia. We offer back-office processing support, data input and deliver the reports to you for submission on time to Labuan FSA as well as the IRB. We keep all sensitive information confidential at all times in accordance with the data protection laws in Malaysia.
You own a Labuan company and you wish to work in Labuan, or any parts in Malaysia, you will need the proper authorisation to do so i.e., a work permit.
How we can help
We will provide advice on the procedures for the work permit application, assist you in the preparation of all the necessary documentation, make application for a support letter from Labuan FSA, arrange for an appointment with the Immigration Department in Labuan and of course, be with you every step of the process.